However, it wasn’t until January 2019 that the company received its license to process cannabis from Health Canada. The license allows Neptune to make good on previous multi-year supply agreements—including its June 2018 agreement with Canopy Growth,in which Neptune will supplement Canopy Growth’s extraction, refinement, and extract product formulation capacity.
Valens GroWorks Corp. (CSE: VGW) (OTC: VGWCF) is a multi-licensed, provider of cannabis products and services focused on various proprietary extraction methodologies, distillation, cannabinoid isolation and purification, as well as associated quality testing, Valens GroWorks is comprised of Valens Agritech Ltd., a 25,000 sq. ft. extraction center, Valens Labs Ltd., a leading edge cannabis research laboratory housed within Agritech, and Valens Farms, a 400,000 square ft. cultivation greenhouse that is in the early stages of development.
With the capacity to process 240,000 kg of dried cannabis and hemp per year, Valens GroWorks has signed cannabis and hemp extraction agreements with some of the biggest names in the legal marijuana industry, including Canopy Growth, Tilray, The Green Organic Dutchman, and Organigram. To complement its extraction business, Valens also offers product development and white-labeling services.
Vancouver, British Columbia, CANADA
Neptune Wellness Solutions
Cannabis Extraction Will Drive New Marijuana Products
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Indiva Limited (TSXV: NDVA.V) (US: NDVAF), a Canadian cannabis company aiming to become a house of global marijuana brands, recently hired Seattle-based Lucid Labs Group to design the company’s London extraction facility.
First up is Valens GroWorks (NASDAQ:VLNCF) , which claims to be the largest third-party extraction-service provider in Canada in its press releases. Although Valens has landed a number of deals with major marijuana growers in Canada, the most notable is its two-year agreement with Quebec-based HEXO for an aggregate of 80,000 kilos of cannabis and hemp biomass. Valens’ service agreement with HEXO is back-end loaded, with at least 30,000 kilos of biomass being extracted in the first year and at least 50,000 kilos in the second year.
Image source: Getty Images.
You likely don’t need the reminder, but there aren’t many industries expected to deliver a faster or more consistent growth rate over the next five to 10 years than legal marijuana. A newly released report from Arcview Market Research and BDS Analytics calls for more than $40 billion in global licensed-store sales by 2024, which is almost quadruple what was generated in 2018. Then, by the end of the next decade, cannabis cheerleader Cowen Group has called for $75 billion in annual worldwide sales.
Within the CBD extraction space, there are three companies that have landed some big-name contracts to date, and thus might be worth a closer inspection.
Just last week, Valens announced that business has been so good that it’s upped its annual extraction capacity to 425,000 kilograms, with plans to boost its yearly capacity to more than 1 million kilos in the first half of 2020. This added extraction space will also expand capacity to create white-label capsules, vaporizers, topicals, edibles, and concentrates, according to the company’s press release.
CBD is the hot commodity
One of the more notable deals landed by MediPharm Labs came in January, when it signed a three-year agreement with TerrAscend (OTC:TRSSF) . This deal will see TerrAscend providing MediPharm with dried cannabis flower that it’ll use to create cannabis oil concentrates under the TerrAscend label. In return, MediPharm Labs is paid on a fee-for-service basis, with no aggregate amount of dried flower divulged in the agreement.
But what if this isn’t the best or safest way to take advantage of the rise in CBD? A potentially sneakier, yet smarter idea might be to focus on the companies handling the extraction of CBD from hemp and cannabis biomass. Although CBD can be extracted from cannabis, hemp is often much cheaper and easier to grow, which usually makes it the preferred source of high-quality CBD extracts.
Pressurized carbon dioxide provides the capacity to extract dozens of desirable cannabinoids, tepenes, plant waxes and flavanoids from marijuana and hemp plants. Unlike other solvents, carbon dioxide is non-flammable and produces no toxic by-products.
The Perma-Max™ 1400 XHP MicroBulk CO2 System and CO2 Trifecta® Gas Supply System are designed to help extractors decrease operational costs and optimize batch processes
Uncovering the Benefits of CBD Oil
Science is uncovering the benefits of cannabidiol (CBD) oil for providing pain relief and the treatment of a host of illnesses without giving users a ‘high’. Chart’s carbon dioxide products are increasingly used during the plant growing and extraction phases and our nitrogen dosers prolong product shelf-life and reduce packaging.
Enrichment of cannabis plants via supplemental carbon dioxide makes them grow around 30% faster, which increases yields and typically enables commercial growers to get another crop from the same floor space.
Supercritical CO2 Extraction
Chart products are used to increase plant yields, maximize safe, non-toxic extraction of CBD oil, promote longer product shelf life and reduce waste during the packaging process.